Home / Knowledge / News / Textiles / Boydak Holding invests TRY 50 mn in textile sector

Boydak Holding invests TRY 50 mn in textile sector

06
May '10
As per the CEO of Boydak Holding, Memduh Boydak, the company this year will make an investment of about TRY 50 million in the textile sector.

Last year, the holding company generated a revenue of TRY 3.6 billion with its total profits touching TRY 319.9 million, said Haci Boydak, Chairman, Boydak Holding.

Mroe so, Boydak also stated that, the company over the next two years will also invest US $1 billion in renewable energy.

Continues Boydak that, the company will supply 40 percent of this amount from its own internal accurals. It has already staked bids for seven power projects that will be auctioned by the authorities.

More so, the company generated export revenue of $406 million in the period under consideration. This year, the holding company has a revenue target of TRY 4 billion, an increase of 11 percent year-on-year. Also, the company intends on appointing 500 additional employees.

Fibre2Fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 9th Apr 2020

Make your position clear: BGMEA to buyers

The Bangladesh Garment Manufacturers and Exporters Association...

Pic: Shutterstock

Textiles | On 9th Apr 2020

Contract killer: The clause breaking supply chains apart

Even though force majeure clauses are almost always written into...

Pic: Shutterstock

Apparel/Garments | On 9th Apr 2020

Bangla PM unveils fresh stimulus packages worth Tk67750 cr

Prime Minister Sheikh Hasina recently unveiled a set of stimulus...

Interviews View All

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Office bearers, Textile industry

Office bearers
Textile industry

There might be negative impact on garment exports

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Shyam Gupta & Ravi Gupta,

Shyam Gupta & Ravi Gupta

Based out of South Delhi, Gargee Designer's provides bespoke formal and...

Simon Daplyn,

Simon Daplyn

Switzerland-based Sensient Imaging Technologies is a pioneer with a global ...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search